Hotpot chain founder sets up family office in Singapore

Shu Ping is one of Singapore’s richest people with a net worth of around US$7.7b.

The billionaire behind Hong Kong-listed Haidilao International Holding, the world’s biggest chain of hotpot restaurants, has opened a family office in Singapore to help manage her wealth.

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Shu Ping was appointed the sole shareholder and director of Sunrise Capital Management in July, according to filings lodged with Singapore’s national regulator of business entities.

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Shu is one of Singapore’s richest people with a net worth of around US$7.7b, according to the Bloomberg Billionaires Index. Her husband is also worth US$7.7b. Whilst it’s unclear if Sunrise Capital will manage the couple’s combined wealth, a December filing showed Shu has full authority to issue shares in the entity.

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